Lafayette Investments Inc. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 506 shares of the business services provider’s stock, valued at approximately $223,000.
Other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group raised its stake in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global during the 3rd quarter valued at about $25,000. LFA Lugano Financial Advisors SA raised its stake in shares of S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Insiders Place Their Bets
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Report on S&P Global
S&P Global Price Performance
SPGI stock traded down $2.02 during trading on Friday, hitting $411.35. The stock had a trading volume of 294,598 shares, compared to its average volume of 1,295,863. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The stock has a market capitalization of $131.74 billion, a P/E ratio of 50.23, a PEG ratio of 2.32 and a beta of 1.15. The company’s 50-day moving average price is $425.23 and its two-hundred day moving average price is $415.25.
S&P Global (NYSE:SPGI – Get Free Report) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $2.54 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that S&P Global Inc. will post 14.08 EPS for the current fiscal year.
S&P Global Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. S&P Global’s dividend payout ratio (DPR) is 44.23%.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.
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